Major Reuters Reorganization--Again
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LONDON--Reuters Trading Systems, renamed Reuters Trading Solutions and reorganized again, is still the weakest link in Reuters’ chain, reporting a drop in revenues of about six per cent in 1999 compared with 1998.
RTS revenues dropped to £780 million in 1999 from £827 million the previous year. The company blamed Y2K code freezes and "the continued consolidation in the financial industry [which] depressed the foreign exchange transaction business" for the decline in revenues.
Peter Job, Reuters’
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